High street giants facing shareholder revolt over low wages Investing Investor groups and City giants have teamed up to target high street giants Next, M&S and JD Sports with shareholder resolutions over their low wages. Seven institutional investors managing over £1 trillion in assets have joined the campaign, including Axa, Scottish Widows and the Greater Manchester Pension Fund. The campaign is being led by responsible [...]
UK high street faces shareholder backlash over low pay Business UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Barclays under fire from shareholders on fracking funding ESG Barclays has come under fire from its shareholders, including the Local Authority Pension Fund Forum (LAPFF), for providing financial support to fracking companies.
Activist investors urge KitKat maker Nestlé to reduce reliance on sugar, fat and salt April 18, 2024 A resolution filed by a group of Nestlé shareholders will go to vote today at its annual general meeting, demanding one of the world's biggest food makers reduces its reliance on products which have high levels of sugar, fat and salts.